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09.21.12

Romney Releases 2011 Tax Returns

Nicholas Kamm / AFP

The day has finally come! Mitt Romney’s campaign released the candidate's 2011 tax returns Friday. In advance of the release, the campaign leaked that Romney paid $1.9 million in taxes in 2011 on $13.7 million in mostly investment income, with an effective tax rate of 14.1 percent. Additionally, the Romneys donated $4 million to charity in 2011, and claimed a deduction for $2.25 million of those charitable contributions. The campaign will also release a summary of 20 years of tax returns. The campaign also released a letter from Romney's doctor, stating he's healthy and eats a "high-fiber diet."